Energy Trading Compliance

About

Compliance, investigations and enforcement are heating up rapidly for companies that trade energy. With FERC now conducting in-depth compliance inquiries, the pressure has intensified as FERC has ordered investigated companies to spend specified amounts of money on compliance programs – usually in the $1M to $2M range. Cooperation between FERC and the CFTC is on the rise as they increasingly investigate commodities trading. Congress recently enhanced the CFTC’s civil penalty authority on market manipulation, and provided it with authority to focus on “significant price discovery contracts” on exchanges like ICE in an attempt to close the so-called “Enron loophole”. And now the new player – the FTC – is seeking anti-manipulation authority, particularly relevant for those in the oilpatch who have only had minimal oversight by FERC to date.

With increased oversight and enforcement actions, larger penalties, recent
litigation over alleged non-compliance, and multiple regulators, ensuring you
are covering all the bases in your company’s compliance programs has taken on an unprecedented importance.

ACI’s Energy Trading Compliance Conference provides a one-of-a-kind forum
for energy firms, traders and their advisors to convene and get the practical answers you need for managing compliance challenges in a time of uncertainty and rapid change. Attend and gain critical information on:

FERC’s implementation of real-time monitoring in connection with futures activity:
how does FERC’s increasing presence in the futures arena affect CFTC oversight?

Drawing the line between legitimate risk-taking and price setting vs. market manipulation

Assessing your organizational structure and communications between merchant
and transmission employees for risk of violating standards of conduct

Self-reporting when you find a violation: how do you assess the risks and benefits?

Don’t miss this opportunity to learn about new and developing compliance initiatives and benchmark your compliance efforts and programs against those
of your peers. Spaces will go quickly so register now.

Contents & Contributors

About

Compliance, investigations and enforcement are heating up rapidly for companies that trade energy. With FERC now conducting in-depth compliance inquiries, the pressure has intensified as FERC has ordered investigated companies to spend specified amounts of money on compliance programs – usually in the $1M to $2M range. Cooperation between FERC and the CFTC is on the rise as they increasingly investigate commodities trading. Congress recently enhanced the CFTC’s civil penalty authority on market manipulation, and provided it with authority to focus on “significant price discovery contracts” on exchanges like ICE in an attempt to close the so-called “Enron loophole”. And now the new player – the FTC – is seeking anti-manipulation authority, particularly relevant for those in the oilpatch who have only had minimal oversight by FERC to date.

With increased oversight and enforcement actions, larger penalties, recent
litigation over alleged non-compliance, and multiple regulators, ensuring you
are covering all the bases in your company’s compliance programs has taken on an unprecedented importance.

ACI’s Energy Trading Compliance Conference provides a one-of-a-kind forum
for energy firms, traders and their advisors to convene and get the practical answers you need for managing compliance challenges in a time of uncertainty and rapid change. Attend and gain critical information on:

FERC’s implementation of real-time monitoring in connection with futures activity:
how does FERC’s increasing presence in the futures arena affect CFTC oversight?

Drawing the line between legitimate risk-taking and price setting vs. market manipulation

Assessing your organizational structure and communications between merchant
and transmission employees for risk of violating standards of conduct

Self-reporting when you find a violation: how do you assess the risks and benefits?

Don’t miss this opportunity to learn about new and developing compliance initiatives and benchmark your compliance efforts and programs against those
of your peers. Spaces will go quickly so register now.